Helix Energy Solutions Group, Inc. $HLX Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,070,701 shares of the oil and gas company’s stock after selling 243,226 shares during the period. Vanguard Group Inc. owned approximately 0.09% of Helix Energy Solutions Group worth $81,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Helix Energy Solutions Group by 40.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,941 shares of the oil and gas company’s stock valued at $250,000 after purchasing an additional 11,600 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Helix Energy Solutions Group by 9.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,961 shares of the oil and gas company’s stock valued at $182,000 after purchasing an additional 2,392 shares during the last quarter. Oak Thistle LLC acquired a new stake in Helix Energy Solutions Group in the 4th quarter valued at approximately $104,000. Aaron Wealth Advisors LLC acquired a new stake in Helix Energy Solutions Group in the 4th quarter valued at approximately $74,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Helix Energy Solutions Group by 39.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 56,245 shares of the oil and gas company’s stock valued at $360,000 after purchasing an additional 15,841 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HLX. Weiss Ratings downgraded shares of Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. TD Cowen lifted their target price on shares of Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.50.

Helix Energy Solutions Group Stock Performance

Shares of HLX stock opened at $10.14 on Thursday. The stock has a market capitalization of $1.49 billion, a PE ratio of 101.35 and a beta of 1.16. The firm has a 50 day moving average of $9.60 and a two-hundred day moving average of $8.11. Helix Energy Solutions Group, Inc. has a 52 week low of $5.52 and a 52 week high of $10.75. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Wednesday, April 22nd. The oil and gas company reported ($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.09). The business had revenue of $287.95 million during the quarter, compared to analysts’ expectations of $260.89 million. Helix Energy Solutions Group had a net margin of 1.10% and a return on equity of 1.82%. Helix Energy Solutions Group’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, research analysts predict that Helix Energy Solutions Group, Inc. will post 0.33 EPS for the current fiscal year.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.